Date
26 September 2017
Xi Jinping's salary is a fraction of that of global peers even as he governs the world's most populous nation. Photo: Bloomberg
Xi Jinping's salary is a fraction of that of global peers even as he governs the world's most populous nation. Photo: Bloomberg

Despite pay hike, Xi Jinping salary far behind global peers

Chinese President Xi Jinping’s base salary remains a fraction of that of other world leaders even after being handed a 62 percent pay rise, Financial Times reported.

Xi’s new base salary amounts to about US$22,250 a year, after China’s top seven leaders have seen their basic monthly pay rise to 11,385 yuan (US$1,854) from 7,020 yuan, according to the report.

The official China Daily newspaper disclosed the income figures Tuesday, in a rare discussion of official income, FT noted.

Xi, who lords over a country of 1.4 billion people, takes much less compared to his global peers. US President Barack Obama, for instance, is paid US$400,000 a year, apart from a host of allowances.

Russian President Vladimir Putin draws an annual salary of US$1.76 million, while German Chancellor Angela Merkel takes US$290,000.   

Prime Minister Lee Hsien Loong of Singapore, a small city-state, draws about US$1.8 million a year even after taking a pay cut from 2012, the report noted. 

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CG/RC

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